Green Marine
HSH Nordabank Sold
Sale of German shipping lender HSH Nordbank finalized.
Merger with UASC Drives Hapag-Lloyd’s Profit Surge
Hapag-Lloyd has started to reap fruit from its merger with the United Arab Shipping Company.
MOL Reveals Massive Restructuring
Mitsui O.S.K. Lines is set to launch a massive restructuring of its organization on April 1, 2018.
Pirates Attack Two Ships in One Day off Nigeria
Armed pirates attacked two vessels on February 24 off the coast of Bonny Island, Nigeria.
Frontline: Inflection Point for Crude Oil Tanker Market Yet to Come
2018 is not likely to be the turning point for the crude oil tanker market amid continued VLCC deliveries.
HMM Unveils New Independent Asia-Europe Service
HMM to offer a new independent Asia-North Europe Express (AEX) service starting from April 2018.
Frontline Posts USD 265 Mn Loss for Full Year, Extends Loan
John Fredriksen’s Frontline ended the year in the red amid weak rates and inventory draws.
DryShips Cuts Loss, Sees Rise in Revenues
DryShips cut its net loss and delivered a rise in revenues for the year ended December 31, 2017.
Ocean Yield Bolsters Drybulk Fleet with Five Handysizes
Ocean Yield ASA invests in five Handysize dry bulkers with 10-year bareboat charters.
Update: Damaged Kiel Canal Lock-Gate to Be Removed Soon
German authorities appoint a firm to remove the partially destroyed lock-gate at Kiel-Holtenau.
Vessel Operator, Master Fined for Pollution Crimes
Sea Faith’s operator and Master convicted for false and incomplete oil and garbage discharge records.
MOL Set on Unlocking the Potential of Northern Sea Route
Mitsui O.S.K. Lines has set sights on seizing the gains from the growth of transported goods via the Northern Sea Route.
USCG: Texas LNG’s Marine Traffic Suitable for Port of Brownsville
USCG has affirmed the suitability of the Brownsville Ship Channel for Texas LNG’s marine traffic.
TOTE: Phase 1 of LNG Conversion Complete
TOTE Maritime Alaska completes the first of four conversion periods for the Orca class vessels.